Trade Cases
CRU: Turkey imposes tariffs on steel imports; Malaysia launches AD probe
Written by CRU
October 14, 2024
The Turkish government has placed anti-dumping duties of ranging from 6.10% to 43.31% on hot-rolled steel sheet from China, India, Japan, and Russia. Meanwhile, Malaysia has announced it will investigate allegedly dumped steel wire rod from China, Indonesia, and Vietnam.
Turkey’s levies will affect around 4 million metric tons (mt) of products worth between $2 billion and $2.2 billion, Turkish Steel Producers Association Secretary-General Veysel Yayan was reported as saying by Reuters news agency.
He expected capacity utilization at domestic producers will increase after imposition of the AD duties that range from around 15% to 43% for China’s imports and 6% to 9% for those from India, Japan and Russia. The levies will be applied to the cost, insurance, and freight prices of the steel.
Turkey’s trade authorities acted after a request from domestic producers, which claimed the dumping threatened to harm the Turkish steel industry.
In Malaysia, the ministry of investment, trade and industry (Miti) says it will investigate imports of steel wire rods from China, Indonesia, and Vietnam after domestic producer Southern Steel filed a petition alleging increased volumes of the products being sold below domestic prices were causing material injury to Malaysia’s steel industry. Interested parties must request questionnaires by Oct. 25 and submit comments by Nov. 9, the Bernama news agency reported.
Editor’s note: This article was first published by CRU. To learn more about CRU’s services, click here.
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